PROACTIVE ANALYTICS HOLDINGS LTD

Company Registration Number:
13414983 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

PROACTIVE ANALYTICS HOLDINGS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

PROACTIVE ANALYTICS HOLDINGS LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Investments: 3 1,059 20,200
Total fixed assets: 1,059 20,200
Current assets
Debtors: 4 1,819,661 521,848
Cash at bank and in hand: 7 443
Total current assets: 1,819,668 522,291
Creditors: amounts falling due within one year:   (1,473,863) (142,348)
Net current assets (liabilities): 345,805 379,943
Total assets less current liabilities: 346,864 400,143
Total net assets (liabilities): 346,864 400,143
Capital and reserves
Called up share capital: 400,200 400,200
Profit and loss account: (53,336) (57)
Shareholders funds: 346,864 400,143

The notes form part of these financial statements

PROACTIVE ANALYTICS HOLDINGS LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: Michael Brereton
Status: Director

The notes form part of these financial statements

PROACTIVE ANALYTICS HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on rendering of an invoice.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its useful life.Plant and machinery - 25% straight lineComputer equipment - 25% straight line

PROACTIVE ANALYTICS HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

PROACTIVE ANALYTICS HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Fixed investments

Investments are included in the balance sheet at cost less any provision for impairment. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If such an indication of impairment exists, the Company makes an estimate of the recoverable amount of the investment. If the recoverable amount is less than the value of the investment, the investment is written down to the recoverable amount. An impairment loss is recognised immediately in the profit and loss account. If the impairment is not considered to be a permanent diminution in value it may reverse in a future period to the extent that it is no longer considered necessary.

PROACTIVE ANALYTICS HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 1,819,661 521,848